RFR Borrowing definition

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing. “RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. “S&P” means Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services LLC business. “Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea and Syria). “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, in each case, having jurisdiction over any Group Member, (b) any Person operating, organized, or resident in a Sanctioned Country, (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), or (d) any Person otherwise the subject of any Sanctions. “Sanctions” means all comprehensive economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, in each case, having jurisdiction over any Group Member. “SEC” means the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. “Secured Parties” has the meaning set forth in the Guarantee and Collateral Agreement. “Securitization Assets” means accounts receivables, lease receivables or other payment obligations owing to the Borrower or such Restricted Subsidiary or any interest in any of the foregoing, together in each case with any collections and other proceeds thereof, any collection or deposit account related thereto, and any collateral, guarantees or other property or claims in each case supporting or securing payment by the obligor thereon of, or otherwise related to, or subject to leases giving rise to, any such receivables. 43 0000-0000-0000 v.2

RFR Borrowing means any Borrowing comprised of RFR Loans. “RFR Business Day” means for any Obligations consisting of any interest, fees or other amounts denominated in Sterling, any day except for (a) a Saturday, (b) a Sunday or (c) a day on which banks are closed for general business in London. “RFR Interest Day” has the meaning assigned to such term in the definition of “Daily Simple RFR”. “RFR Interest Payment” means, in respect of any Interest Period in relation to an RFR Loan, the aggregate amount of interest that is, or is scheduled to become, payable under Section 2.08. “RFR Loan” means a Loan that bears interest at a rate based on Daily Simple RFR. “RFR Lookback Day” has the meaning assigned to such term in the definition of “Daily Simple RFR”. “S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and any successor to its rating agency business. “Sale and Lease-Back Transaction” has the meaning assigned to such term in Section 6.06. “Sanctioned Jurisdiction” means a country or territory that is the subject of comprehensive Sanctions broadly restricting or prohibiting dealings involving such country or territory. “Sanctioned Person” means any Person: (a) identified on a Sanctions List; (b) domiciled, organized or resident in, or the government or any agency or instrumentality of the government of, any Sanctioned Jurisdiction; (c) owned or controlled by, or acting for or on behalf of, directly or indirectly, one or more Persons described in the foregoing clauses (a) or (b); or (d) otherwise the subject or target of Sanctions. “Sanctions” means economic or financial sanctions or trade embargoes imposed, administered, or enforced from time to time by any Sanctions Authority. “Sanctions Authority” means: (a) the U.S. government, including OFAC and the U.S. Department of State; (b) the United Nations Security Council; (c) the European Union and each of its member states; and (d) the United Kingdom, including Her Majesty’s Treasury. “Sanctions List” means any Sanctions-related list of designated Persons maintained by any Sanctions Authority, including, without limitation, the Specially Designated Nationals and Blocked Persons List maintained by OFAC. “Screen Rate” means, for any Loan denominated in Alternative Currencies, the Adjusted LIBO RateTerm SOFR, the Adjusted BA Rate, the Daily Simple RFR or Adjusted EURIBOR, as applicable. “SEC” means the Securities and Exchange Commission or any Governmental Authority succeeding ...

Examples of RFR Borrowing in a sentence

If no election as to the Type of Revolving Borrowing is specified, then the requested Revolving Borrowing shall be an RFR Borrowing.
At the time that each ABR Revolving Borrowing and/or RFR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $25,000 and not less than $100,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e).

More Definitions of RFR Borrowing

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing. “RFR Business Day” means, for any Obligations, interest, fees, commissions or other

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing. “RFR Loan” means a Loan that bears interest at a rate based on Adjusted Daily Simple SOFR.

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing. “RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. “Sale and Leaseback Transaction” means any sale or other transfer of any property or asset by any Person with the intent to lease such property or asset as lessee. “Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea and Syria). “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom, or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country, (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b) or (d) any Person otherwise the subject of any Sanctions. “Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority. “SEC” means the Securities and Exchange Commission of the United States of America. “Second Amendment” means that certain Second Amendment to Amended and Restated Credit Agreement, dated as of the Second Amendment Effective Date, by and among the Borrower, the Lenders party thereto and the Administrative Agent. “Second Amendment Effective Date” means May 12, 2023. “SOFR” means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day publishedas administered by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day. “SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). 35

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing. “RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. “S&P” shall mean Standard & Poor’s Ratings Group, Inc. and its successors and assigns. “Sale and Lease-Back Transaction” shall have the meaning assigned to such term in Section 6.03. “Sanctioned Country” shall mean, at any time, a country, territory or region that is, or whose government is, the subject or target of comprehensive Sanctions, including, as of the Closing Date, the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria.. “Sanctions” shall have the meaning assigned to such term in Section 3.25(b). “Sanctions Laws” shall have the meaning assigned to such term in Section 3.25(b). 68 Doc#: US1:15347125v11

RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.“RFR Business Day” means, for any Loan denominated in Dollars, a U.S. Government SecuritiesBusiness Day.“RFR Interest Day” has the meaning specified in the definition of “Daily Simple RFR”.“RFR Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple RFR.“S&P” means Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services LLCbusiness, or any successor to its rating agency business.“Sale/Leaseback Transaction” means an arrangement relating to property owned by the Borroweror any Subsidiary whereby the Borrower or such Subsidiary sells or transfers such property to any Personand the Borrower or any Subsidiary leases such property from such Person or its Affiliates.“Sanctioned Country” means, at any time, a country, region or territory that is itself or whosegovernment is the subject or target of any Sanctions (at the date of this Agreement, Crimea, Cuba, Iran,North Korea and Syria).“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list ofdesignated Persons maintained by OFAC or the U.S. Department of State or by the United NationsSecurity Council, the European Union, any European Union member state, HerHis Majesty’s Treasury ofthe United Kingdom, or any other relevant sanctions authority, (b) any Person operating, organized orresident in a Sanctioned Country, (c) any Person owned or controlled by any Person or Persons describedin the preceding clauses (a) and (b), or (d) any Person otherwise the subject of any Sanctions.“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered orenforced from time to time by (a) the U.S. government, including those administered by OFAC or theU.S. Department of State, or (b) the United Nations Security Council, the European Union, any EuropeanUnion member state or HerHis Majesty’s Treasury of the United Kingdom, or any other relevantsanctions authority.“SEC” means the United States Securities and Exchange Commission.“Securities Act” means the United States Securities Act of 1933.“Similar Business” means any business and any services, activities or businesses directly relatedor similar to, or incidental, corollary, synergistic or complementary to any line of business engaged in bythe Borrower and its subsidiaries on the Effective Date or any business activity that is a reasonableextension, development or expansion thereof or ancillary thereto.“Seni...

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